Northern Oil and Gas, Inc. (NYSE:NOG) CFO Sells $20,100.00 in Stock

Northern Oil and Gas, Inc. (NYSE:NOG) CFO Chad W. Allen sold 500 shares of Northern Oil and Gas stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $40.20, for a total transaction of $20,100.00. Following the completion of the transaction, the chief financial officer now directly owns 82,792 shares in the company, valued at $3,328,238.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Northern Oil and Gas Stock Performance

Shares of Northern Oil and Gas stock opened at $40.93 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.23 and a debt-to-equity ratio of 0.84. Northern Oil and Gas, Inc. has a twelve month low of $31.13 and a twelve month high of $43.80. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 4.91 and a beta of 1.80. The company’s fifty day moving average is $37.15 and its 200 day moving average is $38.60.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.20. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The company had revenue of $753.64 million for the quarter, compared to analysts’ expectations of $540.23 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Northern Oil and Gas’s revenue for the quarter was up 140.0% on a year-over-year basis. Sell-side analysts forecast that Northern Oil and Gas, Inc. will post 5.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NOG. StockNews.com cut shares of Northern Oil and Gas from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Mizuho began coverage on shares of Northern Oil and Gas in a research note on Thursday, September 19th. They issued an “outperform” rating and a $47.00 price objective on the stock. Truist Financial raised their target price on shares of Northern Oil and Gas from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a research report on Thursday, October 3rd. They issued a “buy” rating and a $53.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Northern Oil and Gas has an average rating of “Moderate Buy” and a consensus target price of $47.50.

Institutional Trading of Northern Oil and Gas

Several institutional investors have recently modified their holdings of NOG. Janney Montgomery Scott LLC grew its stake in shares of Northern Oil and Gas by 17.0% in the first quarter. Janney Montgomery Scott LLC now owns 9,992 shares of the company’s stock worth $396,000 after purchasing an additional 1,453 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Northern Oil and Gas by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 79,883 shares of the company’s stock worth $3,170,000 after purchasing an additional 875 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Northern Oil and Gas by 22.2% in the first quarter. Empowered Funds LLC now owns 25,523 shares of the company’s stock worth $1,013,000 after purchasing an additional 4,631 shares during the last quarter. Swiss National Bank boosted its position in Northern Oil and Gas by 1.1% during the first quarter. Swiss National Bank now owns 178,500 shares of the company’s stock valued at $7,083,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Isthmus Partners LLC boosted its position in Northern Oil and Gas by 49.9% during the first quarter. Isthmus Partners LLC now owns 60,324 shares of the company’s stock valued at $2,394,000 after acquiring an additional 20,070 shares during the last quarter. Institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.